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20100901
20100930
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Search Results 100 to 133 of about 140 (some duplicates have been removed)
moving forward with policies that are slowly pulling us out? >> reporter: too slowly, republicans fired back. on jobs, republican leader john boehner argued the president's policies are the problem, and a few new ideas won't change that. >> until this uncertainty and spending is under control... i don't think these are going to have much impact. >> reporter: what does all this politicking mean for your bottom line? first, on those new proposals from the president: $50 billion in infrastructure spending, an expansion and extension of the research and development tax credits, and 100% expensing of new equipment. the last is most likely to become law, and even that analysts consider a long shot. second, whatever the election outcome, there will be less help coming for the economy. goldman sachs washington analyst alec philips says that's one reason his firm is downgrading their economic forecast for 2011. >> there's really three things happening there. one is the fading effect of the 2009 fiscal stimulus bill. number two is our concern that congress will not extend unemployment benefits pa
. and would indicate that it's going to take us quite a while before we get to full employment. >> susie: so if the economy grows 3.5% or more, as you're projecting, but the unemployment rate stays high, would you think that the fed has done its job? >> right now we're missing on both of our objectives. the inflation rate is too low and the unemployment rate is too high. so directionally i think it fairly clear which direction we should be moving. how much we should do and exact timing, that's a difficult question that requires a consensus, and that's why we have these meetings every six weeks. but it's clear right now that we're not where we want to be and we need to take some action to get there. >> susie: you can read the transcript of my entire interview with eric rosengren on our website. you'll find it on n.b.r. on pbs.org. >> tom: here are the stories in tonight's n.b.r. newswheel: stocks slipped. the dow fell 22 points, the nasdaq and the s&p 500 were both off about three points. trading volume was down a little on the big board from yesterday, but still over one billion shares. on t
. as we continue our "budget blues" series tonight, jeff yastine tells us how the lack of tax revenue means higher taxes and fewer services for people in the sunshine state. >> reporter: the human impact of the housing bust is well known-- unemployment, families uprooted, and a steep decline in home prices. now, the financial impact is coming home to roost. south florida is home to many examples, like the city of miami. >> this city has to function, and i don't think any of you want to see this city not function. >> reporter: last week, the city of miami called an emergency budget meeting to consider the unthinkable-- cuts in pay and pension benefits for police and fire-rescue crews. >> when considering voting on cuts in benefits, i would ask the commissioners the following question: how much would you have to be paid in order to risk the thought of not seeing your children or loved ones again, or to save a complete stranger? >> and i am confident that the experiment that is being played on city of miami employees is neither just nor legal. >> reporter: faced with plugging a $105 mill
for joining us for this labor day special edition. the jobs picture just keeps getting worse. tom, back in january, the economy was adding jobs and the recovery was gaining momentum. then europe's debt woes exploded and the global recovery came to a grinding halt. >> tom: susie, the latest employment numbers aren't much help. 54,000 jobs disappeared from u.s. payrolls in august, and the unemployment rate hit 9.6 >> susie: so how bad is the employment picture, and how long will it take to get back to where we were before the recession started? suzanne pratt puts it in perspective. >> reporter: it seems lately that signs like these are extremely hard to come by. even though the great recession may technically be over, the labor market is far from recovered. the nation's unemployment rate hit 10% late last year and has hovered just below there ever since. but economist dan greenhaus says that widely quoted number understates the magnitude of the job crisis and the inequalities within it. >> if you're an advanced degree white guy working not in construction, you're fine. it's like 4.5%. it'
sponsored by wpbt >> tom: good evening and thanks for joining us. the nation's retailers had a relatively strong back-to-school selling season, and susie, that has investors and traders wondering how the sector will do this holiday season. >> susie: tom, the commerce department reports retail sales rose for the second straight month in august. sales were up a better-than- expected four-tenths of a percent last month, while july's sales were also revised higher. >> tom: with "back to school" in the rear view mirror, retailers are looking ahead to the holiday selling season. many stores are deciding now how many temporary workers to hire, if any. as erika miller explains, those decisions can provide some important hints about the strength of holiday sales. >> reporter: in brooklyn, under the manhattan bridge, is a gift shop called stewart/stand. it's a family-owned business-- penelope runs the store, while her brother-in-law paul is in charge of the wholesale division. though it's only september, the two are already finalizing holiday hiring decisions. >> i would suggest probably gathering
are mourning. >> it's heart breaking for all of us. we were talking on the car how all of us work together. we have all graduated. >> reporter: the students were part avenue the high school class of 2008. still keeping in touch. >> two weeks ago i talked to them both and we with trying to get together and just didn't work out and now this happened. >> reporter: friends say one had signed up to join the air force and the other was a student at skyline college. they both worked as security guards. >> just seen them last night. >> saw him last night. >> yeah. >> reporter: what were you doing? >> hanging out. >> reporter: later they were in honda. a toyota with three cars hit the passenger side. the three were sent to san francisco general hospital critically injured. the two were pronounced dead at the scene. >> they were really nice guys. on top of their stuff. they worked hard for what they earned. >> reporter: police haven't determined what caused the accident or if alcohol was involved. a neighbor said he sees an accident here every couple months because people are tempted to speed on t
by wpbt >> tom: good evening, and thanks for joining us. ben bernanke said today it's a myth that lehman brothers could have been saved, perhaps preventing the financial crisis. susie, the fed chairman also says he's partly to blame for creating that myth. >> susie: tom, bernanke was the star witness on capitol hill today, answering questions from the financial crisis inquiry commission. the committee was commissioned by congress to figure out why lehman failed, and to answer the bigger question of what caused the financial crisis. >> tom: bernanke's testimony was a look at the lessons learned from the crisis and a look at how to prevent another one in the future. darren gersh reports. >> reporter: speaking to the financial crisis inquiry commission, federal reserve chairman ben bernanke admitted he thought lehman brothers was not merely facing a cash crunch when it failed. he thought the firm was very likely insolvent, a fancy way of saying it couldn't pay its debts. but in 2008, bernanke chose not to share that thought with congress. >> it was a judgment at that moment, with the system
. joining us now with more on h-p is tom smith, equity analyst at standard and poor's. hi, tom. >> hi, thanks for having me. >> susieso is leo apotheker the right person for this job. >> hp could have chosen from all across silicon valley and they chose him. he is a guy with some stormy tenure in his last days at hp but he knows software deeply as does ray lane and i think he can steer the company in a useful direction by taking them into software. >> susie: so actually that is interesting. both-of-these two new top executives have software expertise. do you think that means that hp is going to move more in that direction and away from hardware and services? >> well, i think so. i think they have recently built up the services through the eds acquisition and hardware through 3come, the palm, the three par acquisitions this area and some others. so i think they are really set up well in hardware to expand in a comprehensive data center offering. but you want hardware software and services and software where they are looking-- lacking in terms of what shows as a percentage of total reve
what high cholesterol is or how many visits and says, "use good medical management," well, that's an open-ended and very debatable question. >> reporter: also debatable? how disruptive the new law will be. already, insurers including aetna, cigna and humana say they will stop selling plans that cover only children. since they can't limit pre- existing conditions, insurers worry parents will wait until after kids are sick to buy coverage. and this is only the beginning. most of the big changes don't kick in until 2012, including new purchasing pools and the requirement for everyone to have insurance. florida insurance commissioner kevin mccarty expects lots of changes between now and then. >> some companies are going to be deciding whether to stay in the market. we obviously like to see a conservative approach to keep as many people in the marketplace as possible. >> reporter: while there is a lot of uncertainty in the implementation of the health care law, there's also uncertainty about the law itself. florida is one of 20 states suing to block the health care law, and many repu
Search Results 100 to 133 of about 140 (some duplicates have been removed)

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